Texas Instruments (NASDAQ:TXN) – Analysts at Jefferies Group raised their Q2 2018 EPS estimates for shares of Texas Instruments in a research report issued to clients and investors on Wednesday, April 25th. Jefferies Group analyst M. Lipacis now forecasts that the semiconductor company will post earnings of $1.31 per share for the quarter, up from their prior estimate of $1.30. Jefferies Group also issued estimates for Texas Instruments’ Q3 2018 earnings at $1.53 EPS, Q4 2018 earnings at $1.44 EPS, FY2018 earnings at $5.49 EPS and FY2019 earnings at $6.69 EPS.
A number of other brokerages also recently weighed in on TXN. B. Riley raised their price objective on Texas Instruments from $110.00 to $115.00 and gave the company a “neutral” rating in a research note on Wednesday. DZ Bank raised Texas Instruments from a “hold” rating to a “buy” rating in a research note on Thursday. Royal Bank of Canada reissued a “buy” rating and issued a $125.00 price objective on shares of Texas Instruments in a research note on Wednesday. Morgan Stanley raised their price objective on Texas Instruments from $101.00 to $110.00 and gave the company an “equal weight” rating in a research note on Wednesday. Finally, BidaskClub downgraded Texas Instruments from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $110.38.
Texas Instruments (NASDAQ:TXN) last announced its quarterly earnings results on Tuesday, April 24th. The semiconductor company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.11 by $0.10. The business had revenue of $3.79 billion during the quarter, compared to analyst estimates of $3.65 billion. Texas Instruments had a return on equity of 43.69% and a net margin of 26.39%. The firm’s revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.89 EPS.
Several large investors have recently made changes to their positions in the company. Garde Capital Inc. boosted its stake in Texas Instruments by 12.6% in the 4th quarter. Garde Capital Inc. now owns 5,351 shares of the semiconductor company’s stock valued at $559,000 after buying an additional 598 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Texas Instruments by 2.8% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 55,212 shares of the semiconductor company’s stock valued at $5,766,000 after buying an additional 1,529 shares in the last quarter. Wagner Wealth Management LLC acquired a new stake in Texas Instruments in the 4th quarter valued at $205,000. Colonial Trust Advisors acquired a new stake in Texas Instruments in the 4th quarter valued at $488,000. Finally, Xact Kapitalforvaltning AB boosted its stake in Texas Instruments by 14.1% in the 4th quarter. Xact Kapitalforvaltning AB now owns 92,512 shares of the semiconductor company’s stock valued at $9,662,000 after buying an additional 11,433 shares in the last quarter. 85.18% of the stock is currently owned by institutional investors.
In other news, Director Mark A. Blinn sold 9,724 shares of Texas Instruments stock in a transaction that occurred on Monday, January 29th. The stock was sold at an average price of $112.47, for a total transaction of $1,093,658.28. Following the sale, the director now owns 10,178 shares of the company’s stock, valued at approximately $1,144,719.66. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kevin J. Ritchie sold 49,955 shares of Texas Instruments stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $103.00, for a total value of $5,145,365.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 528,297 shares of company stock worth $57,894,242. Company insiders own 0.84% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Monday, May 21st. Shareholders of record on Monday, May 7th will be given a $0.62 dividend. This represents a $2.48 annualized dividend and a yield of 2.41%. Texas Instruments’s dividend payout ratio is currently 57.94%.
About Texas Instruments
Texas Instruments Incorporated designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. It operates in two segments, Analog and Embedded Processing. The Analog segment offers power products to manage power requirements in various levels using battery management solutions, portable components, power supply controls, point-of-load products, switches and interfaces, integrated protection devices, high-voltage products, and mobile lighting and display products.
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